June 9, 2022 10:37 am
Microsoft Corp (MSFT) said on Wednesday that it would significantly reduce its business in Russia, while becoming another major tech company to cut back operations or leave the country following Russia’s incursion into Ukraine. “As a result of the changes to the economic outlook and the impact on our business in Russia, we have made […]
Read moreJune 9, 2022 9:38 am
The number of startups, qualifying as Unicorns (valued at over $1 bln USD) has grown significantly in the last year and a half. The exact percentage of Unicorn growth in numbers since 01/01/2021 comes to 162% with 707 new unicorns emerging in that period. Up until the end of 2020, the total headcount of the […]
Read moreJune 8, 2022 11:20 am
Advanced Micro Devices Inc (AMD) said on Tuesday that it had priced an underwritten public offering of $1 billion aggregate principal amount of senior notes. The offering, which is expected to close on June 9th, includes $500 million aggregate principal amount of AMD’s 3.924% senior notes due to mature on June 1st 2032 and $500 […]
Read moreJune 8, 2022 8:16 am
CUPRA plans to launch three electric vehicle models by 2025, Volkswagen’s Spanish brand said on Tuesday. The Terramar will be CUPRA’s first electrified sport-utility vehicle model and will be available in 2024 either with an internal combustion engine or as a plug-in hybrid. The same year will see the launch of another electric concept model, […]
Read moreJune 7, 2022 10:11 am
Nexa Resources S.A. (NEXA) said on Monday that Rodrigo Menck, Senior Vice President of Finance and Group Chief Financial Officer, intended to step down from his role of CFO as of July 6th. Menck became part of Nexa’s team in 2016 and served as Head of Treasury & Investor Relations before his appointment as CFO […]
Read moreJune 6, 2022 11:11 am
The unprecedented world economic conditions in the last 2 and a half years brought about the growth of the Unicorn herd. The mythical creature represents a privately-held startup that is valued at over $1 billion in US dollars. Fundamental changes in societal models, workflows and industries resulted in high demand for conceptually new solutions in […]
Read moreJune 6, 2022 10:30 am
China Gas Hongda Energy Trading Co Ltd, a subsidiary of China Gas Holdings Limited has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export LLC, a subsidiary of Energy Transfer LP, associated with its Lake Charles LNG project. Under the agreement which is for a term of 25 years, China Gas […]
Read moreJune 3, 2022 10:27 am
Lululemon Athletica Inc (LULU) on Thursday revised up its full-year revenue and profit forecasts, as it cited robust athleisure demand. It also said the impact from China’s pandemic-related lockdowns on its stores was modest and more than offset by strong performance in other regions. Similar to other companies, Lululemon has been increasing prices on certain […]
Read moreJune 2, 2022 10:12 am
Capri Holdings Ltd (CPRI) on Wednesday revised up its full-year profit forecast, as it signaled strong demand for its Michael Kors handbags and Versace dresses. Total revenue went up 24.6% year-on-year to $1.49 billion during the fourth quarter ended on April 2nd, while outstripping a consensus of analyst estimates of $1.41 billion. Revenue at Capri’s […]
Read moreJune 1, 2022 9:07 am
Panasonic Holdings Corp (6752) said on Wednesday that it expected car production worldwide to recover during the current fiscal year. Still, the company, which makes batteries for Tesla, expects the two-year long chip crunch to continue. “We will be running our business as we consider risks of fluctuations on vehicle production,” Masashi Nagayasu, the Chief […]
Read more